HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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The July presentation says that the price of CR is in the range of 350-750.

let assume average 500/ton,for xx.xx billion it needs around 30,000,000 ton

or assume 1cu meter is 4 ton in weight , it will be 30,000,000/4 = 7.5 million cu meter.

or 350mx 350m x 75m depth = ~7.5 mil cu meter...( we knows there is an extension of 800 meter from blackbird one to two)

looks achievable

just an assumption...



The video is done when Dr Mungall has not become a full time employee yet,but NN title aready changed,so I assume it was done in early June and finished in late June. 40 days ago.

BH



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